Some of the activities
led by the International Accounting Standards Board – which develops future
accounting rules which will then be transposed amongst others within the EU and
applied by EU companies – can have a big impact, both positive and negative, on
Indeed, the way
construction companies, and more specifically the larger ones, report on their
activities – e.g. benefits and costs of on-going projects, etc. – can distort
the picture, presenting a situation that is better or worse than the reality.
FIEC therefore follows
the most important initiatives in this field and tries to make sure that the
new accounting rules adopted at international level by the International
Accounting Standards Board do not have a negative impact for EU construction
companies once transposed into EU law.